Ted Kowalchuk, CFP, CFS,
May 17 2006, 10:47 AM
I know EGTRRA impacted rollovers. But, is a rollover from a profit sharing plan to a SEP IRA permissable?
jevd
May 17 2006, 11:12 AM
A SEP IRA account for an employee is nothing more than a Traditional IRA that receives the employer's SEP contribution. It can receive Rolover contributions as well as Traditional IRA annual contributions.
Simple answer. YES.